Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against SoDEX−0.007%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.007%, 7d avg −0.011%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SPCX-USD	152.54	0.0050	pay 0.0006% / 1h	43m 39s	$1.7M	$97K	20x
Short	Gate SPCX_USDT	152.53	0	get 0.0000% / 8h	1h 43m	$96.1M	$31.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$10.5
Price spread: −0.007% → −0.011%: $0.46
Slippage, 4 orders: −$36.34
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.38
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 5 min ago	0.33 bp	18.0 bp −$18	47.1 bp −$471	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.65 bp	11.5 bp −$12	15.9 bp −$159	30.2 bp −$3,019	49.2 bp −$24.6K

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0187% / S +0.0435%	1h	152.49	−0.036%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0018%	8h	152.59	+0.033%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.57	+0.020%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDTshort	0.0000%	8h	152.53	−0.007%	$96.1M	$31.8M	100x
Bitget SPCXUSDT	0.0000%	8h	152.57	+0.020%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.105%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.62	+0.052%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.82	+0.184%	$8K	$897K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.63	+0.059%	$1.3M	$1.8M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0020%	1h	152.50	−0.025%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.47	−0.046%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.54	0.000%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.50	−0.026%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.50	−0.026%	—	$1.2M	10x	as long as short
SoDEX SPCX-USDlong	+0.0050%	1h	152.54	long leg	$1.7M	$97K	20x
Phemex SPCXUSDT	+0.0050%	8h	152.51	−0.020%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.098%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0055%	1h	152.53	−0.007%	$487K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.60	+0.038%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.58	+0.024%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0079%	1h	152.47	−0.046%	$130.1M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	+0.025%	$6.0M	$2.8M	—	as long as short
Lighter SPCX	+0.0096%	1h	152.48	−0.039%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.46	−0.052%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.45	−0.059%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.62	+0.052%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.57	+0.020%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.57	+0.017%	$250.8M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.53	−0.007%	$733K	$4.4M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.56	+0.013%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0114%	8h	152.57	+0.020%	$39.6M	$166.8M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.052%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.56	+0.013%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0221%	1h	152.42	−0.076%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0256%	1h	152.56	+0.015%	$11K	$192K	10x	as long as short
Aster SPCXUSD1	+0.0363%	8h	152.68	+0.091%	$18.9M	$26.2M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.229%	$9K	$28K	5.5x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0472%	1h	152.52	−0.013%	$89K	$1.3M	10x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.005%	$1.7M	$893K	20x	as long as short